Intel's new CEO Tan Lip-Bu to receive US$1 million as base salary

Balazs Barabas

US chipmaker Intel's new CEO Tan Lip-Bu will receive a salary of US$1 million and be eligible for an annual cash bonus of up to US$2 million, the company said in a regulatory filing on Friday (Mar 14). The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on Mar 18. Tan's employment agreement includes a three-year performance target, making him eligible

Intel's new CEO to receive $1 million as base salary https://www.channelnewsasia.com/ - 01:05

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Intel's new CEO to receive $1 million as base salary https://www.channelnewsasia.com/ - 01:05